The Yankees have a pressing need to bolster their outfield ranks with star Aaron Judge out indefinitely while dealing with a flexor strain in his right elbow.
The 32-year-old Slater hit .236 with five home runs and 11 RBIs in 51 games with the White Sox this season. The well-traveled Slater can play all three outfield positions. He spent the first seven-plus seasons of his career with San Francisco before being traded to Cincinnati last summer. New York will be Slater's fifth team in just over a year.
The Yankees will assume $564,516 of Slater's remaining $1.75 million salary, which also will increase their luxury tax by about $621,000.
The trade is the latest in what has been a busy run-up to Thursday's deadline by New York. The Yankees acquired third baseman Ryan McMahon from Colorado and infielder Amed Rosario from Washington over the last week.
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